Bloomberg’s Recession Tracker – November 6, 2019

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While recession chatter endures amid a persistent trade war with China and a further retrenchment in corporate investment, robust signals from other aspects of the U.S. economy—like the labor market⁠—have eased concerns of an imminent downturn. Bloomberg Economics created a model to determine America’s recession odds. Right now, the indicator estimates the chance of a … Read more Bloomberg’s Recession Tracker – November 6, 2019

Greece’s incredible bond rally

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The S&P 500 has enjoyed a strong year and equities around the globe have delivered solid returns, but every one of the world’s major stock markets has underperformed 2019’s grand champ: Greek government debt. Long-dated Greek sovereign bonds have been one of the best-performing assets in the world in 2019, having delivered returns more than … Read more Greece’s incredible bond rally

The Jobs Numbers: Who’s Hiring in America—and Who’s Not

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U.S. employers added 128,000 jobs in October, and the nation’s unemployment rate ticked up to 3.6 percent, according to data released Friday by the Labor Department. Meanwhile, average hourly pay for workers rose 3 percent from a year earlier, to $28.18 from $27.35.   Leaders & Laggards Below are the industries with the highest and … Read more The Jobs Numbers: Who’s Hiring in America—and Who’s Not

October jobs report surprises with 128,000 jobs added

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The U.S. economy added 128,000 jobs in October — more than the 75,000 economists expected — while the unemployment rate ticked higher to 3.6%, the government said on Friday. The strong numbers come despite job growth held down by the 40-day United Auto Workers strike against General Motors, which has since ended. The strike shaved … Read more October jobs report surprises with 128,000 jobs added